South African billionaire Laurie Dippenaar’s stake in FirstRand plunges by $37 million
Dippenaar faces a significant decline in the valuel of his FirstRand stake amid the continuing market downturn.
Southern Africa
South African billionaire Michiel Le Roux bounces back with $200-million net worth surge
Le Roux stages remarkable comeback, reclaiming billionaire status with soaring net worth.
Angolan oil tycoon Joaquim David eyes 50,000bpd for Etu Energias
David is the founder of Etu Energias, the largest private oil company in the country.
The 10 most generous South African philanthropists of all time
From Allan Gray to Patrice Motsepe, meet the 10 most generous South African philanthropists ever.
Disgraced billionaire Carlos Sao Vicente fails to secure $2.6-million release from Singapore Bank
Disgraced Portuguese-Angolan billionaire businessman, Sao Vicente faces legal setback as Singapore court denies access to funds.
Zimbabwe’s richest man Strive Masiyiwa bounces back stronger, gains $1 billion in 2023
Masiyiwa’s net worth has soared by $1 billion in 2023.
South African tycoon Ivan Saltzman to sell $41 million worth of Dis-Chem shares to executives
Saltzman, along with his wife Lynette, co-founded Dis-Chem Pharmacies in 1978.
South African billionaire Johann Rupert insists Richemont is not for sale
Richemont recently published its latest full-year financial report, which shows a 21-percent growth in jewelry sales.
South Africa’s richest man Johann Rupert rakes in $286 million in just 24 hours
Rupert’s net worth rose by $286 million in a day due to Richemont’s share surge.
Dis-Chem Founder Ivan Saltzman to step down as CEO in June 2023
Dis-Chem’s founder and long-time steps down; CFO Rui Morais to become CEO in July.
Swazi billionaire Natie Kirsh bounces back from losses, gains $460 million
Kirsh’s net worth bounces back by $460 million after a multimillion-dollar slump earlier this year.
Africa’s first Black billionaire Patrice Motsepe loses $800 million
Motsepe’s net worth falls by $800 million as African Rainbow Minerals shares decline.
Johann Rupert’s Richemont smashes expectations with $4.25 billion in profit in 2023
Rupert said the company’s brands are well-positioned to meet strong demand driven by the resumption of travel by customers from China.
One of Botswana’s richest businessmen, Ramachandran Ottapathu, loses $3.8 million in 2023
The decline in the market value of Ottapathu’s stake in Choppies reminds us of the risks associated with equity investments.
Ken Sharpe’s WestProp underwhelms on first day of trading on VFEX
Despite the lackluster debut, Sharpe remains optimistic about the company’s future.
South African billionaire Koos Bekker’s net worth declines by $200 million in 96 days
Bekker has been an active businessman since 1985.